SiteOne Landscape Supply (SITE) Misses Q1 EPS by 10c, Revenues Miss; Affirms FY19 Adj. EBITDA Outlook
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SiteOne Landscape Supply Announces First Quarter 2019 Earnings
May 1, 2019 6:00 AM EDTFirst Quarter 2019 Highlights (compared to First Quarter 2018)
Net sales increased by 12% to $417.3 million Organic Daily Sales increased by 5% Gross profit increased 20% to $130.0 million; gross margin expanded 200 basis points to 31.2% Net loss of $24.1 million, compared to net loss of $17.0 million in the prior year period Adjusted EBITDA loss of $5.9 million, compared to loss of $5.1 million in the prior year period Completed two acquisitions: Cutting Edge and All Pro HorticulturePost-Quarter Highlights:
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